m_and_a
confidence high
sentiment positive
materiality 0.80
Mid Penn Bancorp to acquire 1st Colonial Bancorp ($18.50/sh) and Cumberland Advisors ($3.3B AUM)
MID PENN BANCORP INC
- 1st Colonial shareholders receive $18.50 cash or 0.6945 MPB shares per share (60% stock/40% cash proration).
- Termination fee of $4.04M payable by 1st Colonial under certain circumstances.
- Cumberland Advisors acquired for $5.5M base price plus up to $1M earn-out; 200k capped SARs ($1.2M).
- Cumberland brings ~$3.3B AUM; deal expected to be immediately earnings-accretive and close Q4 2025.
- Both transactions approved by respective boards; 1st Colonial requires shareholder and regulatory approvals.
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